As Apex Group beats out M&A rival to secure deal for the coveted Mainstream Group and earns new private equity backing, its founder and CEO says the acquisition sends a statement to the market.
Carlyle expands existing relationship with Apex Group with additional investment while Mubadala joins as a new investor.
The new acquisition continues Apex’s geographic expansion, increasing its overall European presence to over 2,000 people across 17 offices.
Through the expanded partnership Apex will provide i80 Group with loan administration services to support transactions from initial set up to maturity.
Following a competitive tender process, Apex Group has been chosen to provide fund administration, tax compliance and related corporate services to American Ventures
Fund services giant says it will no longer exercise its matching rights in the bidding war for the Australian fund administrator.
Fund administrator adds $13 billion of assets under administration and 90 employees with new presence in Israel.
Mainstream has notified SS&C of the superior proposal, and has given the group until Thursday 6 May to match or offer more.
New head of China for Apex joins from TMF Group, as the securities service provider continues to bolster its team in APAC.